United Real Estate Company

URCStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	9.31M	26.33M	10.95M	14.20M	11.61M
Cash & Short-Term Investments	17.94M	35.38M	20.80M	14.20M	11.61M
Receivables	46.42M	41.39M	44.08M	47.16M	48.02M
Current Assets	98.86M	88.90M	91.84M	119.99M	119.84M
PP&E	524.77M	515.18M	515.80M	391.52M	403.58M
Intangible Assets	1.39M	1.49M	1.60M	1.70M	1.80M
Total Assets	671.97M	665.48M	667.72M	600.43M	606.96M
Liabilities
Accounts Payable	66.98M	66.86M	77.15M	46.14M	50.71M
Current Liabilities	91.25M	88.68M	172.61M	108.52M	118.50M
Long-Term Debt	342.53M	350.65M	267.31M	275.68M	263.66M
Short-Term Debt	12.56M	14.01M	19.88M	21.37M	24.93M
Total Debt	370.24M	375.40M	362.77M	306.53M	300.04M
Total Liabilities	467.68M	478.85M	479.17M	415.73M	414.09M
Equity & Ownership
Retained Earnings	46.73M	41.35M	45.34M	38.93M	43.60M
Total Equity	204.29M	186.63M	188.54M	184.70M	192.87M
Net Debt	352.31M	340.01M	341.97M	292.33M	288.43M
Shares Outstanding	1,367,166,993	1,367,166,993	1,367,166,998	1,128,019,774	1,128,019,774
Cash & Assets
Total Assets	671.97M	665.48M	667.72M	600.43M	606.96M
Total Current Assets	98.86M	88.90M	91.84M	119.99M	119.84M
Cash & Equivalents	9.31M	26.33M	10.95M	14.20M	11.61M
Cash & Short-Term Investments	17.94M	35.38M	20.80M	14.20M	11.61M
Net Cash (Debt)	-352.31M	-340.01M	-341.97M	-292.33M	-288.43M
Net Cash Per Share	-0.26	-0.25	-0.30	-0.26	-0.26
Cash Growth	-49.3%	+70.1%	+46.5%	+22.3%	+18.4%
Accounts Receivable	46.42M	41.39M	44.08M	47.16M	48.02M
Receivables	46.42M	41.39M	44.08M	47.16M	48.02M
Prepaid Expenses	1.38M	1.54M	0.45M	0.67M	0.71M
Construction In Progress	14.54M	14.37M	18.53M	15.96M	14.37M
Land	371.34M	358.67M	361.95M	224.09M	227.65M
Buildings	179.63M	178.77M	175.95M	189.74M	179.86M
Machinery	53.00M	53.80M	52.77M	50.58M	29.14M
Property, Plant & Equipment	524.77M	515.18M	515.80M	391.52M	403.58M
Other Intangible Assets	1.39M	1.49M	1.60M	1.70M	1.80M
Other Current Assets	33.12M	10.58M	26.51M	57.96M	59.50M
Long-Term Leases	3.44M	2.93M	—	—	—
Current Portion of Leases	1.30M	0.85M	—	—	—
Loans & Investments
Short-Term Investments	8.63M	9.06M	9.85M	—	—
Long-Term Investments	46.96M	42.28M	42.54M	62.07M	60.20M
Liabilities & Obligations
Total Liabilities	467.68M	478.85M	479.17M	415.73M	414.09M
Total Liabilities & Equity	671.97M	665.48M	667.72M	600.43M	606.96M
Total Current Liabilities	91.25M	88.68M	172.61M	108.52M	118.50M
Accounts Payable	66.98M	66.86M	77.15M	46.14M	50.71M
Current Unearned Revenue	—	—	—	674.92K	626.44K
Other Current Liabilities	—	—	—	30.86M	30.79M
Long-Term Deferred Tax Liabilities	24.77M	31.71M	31.19M	31.52M	31.93M
Other Long-Term Liabilities	5.69M	4.88M	8.06M	—	—
Debt & Funding
Long-Term Debt	342.53M	350.65M	267.31M	275.68M	263.66M
Short-Term Debt	12.56M	14.01M	19.88M	21.37M	24.93M
Total Debt	370.24M	375.40M	362.77M	306.53M	300.04M
Current Portion of Long-Term Debt	10.41M	6.96M	75.57M	9.47M	11.45M
Equity & Book Value
Shareholders' Equity	204.29M	186.63M	188.54M	184.70M	192.87M
Total Common Equity	196.38M	184.04M	188.19M	169.72M	172.73M
Common Stock	143.05M	143.05M	143.05M	118.80M	118.80M
Additional Paid-In Capital	16.04M	16.04M	16.04M	16.04M	16.04M
Retained Earnings	46.73M	41.35M	45.34M	38.93M	43.60M
Treasury Stock	-15.50M	-15.50M	-15.50M	-14.48M	-14.48M
Comprehensive Income & Other	6.06M	-0.91M	-0.74M	10.43M	8.77M
Minority Interest	7.91M	2.59M	0.36M	14.99M	20.14M
Book Value Per Share	0.14	0.13	0.14	0.15	0.15
Tangible Book Value	194.99M	182.54M	186.59M	168.02M	170.92M
Tangible Book Value Per Share	0.14	0.13	0.14	0.15	0.15
Filing Date Shares Outstanding	1.37B	1.37B	1.37B	1.13B	1.13B
Total Common Shares Outstanding	1.37B	1.37B	1.37B	1.13B	1.13B
Working Capital	7.60M	0.22M	-80.77M	11.46M	1.34M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	9.31M	26.33M	10.95M	14.20M	11.61M
Cash & Short-Term Investments	17.94M	35.38M	20.80M	14.20M	11.61M
Receivables	46.42M	41.39M	44.08M	47.16M	48.02M
Current Assets	98.86M	88.90M	91.84M	119.99M	119.84M
PP&E	524.77M	515.18M	515.80M	391.52M	403.58M
Intangible Assets	1.39M	1.49M	1.60M	1.70M	1.80M
Total Assets	671.97M	665.48M	667.72M	600.43M	606.96M
Liabilities
Accounts Payable	66.98M	66.86M	77.15M	46.14M	50.71M
Current Liabilities	91.25M	88.68M	172.61M	108.52M	118.50M
Long-Term Debt	342.53M	350.65M	267.31M	275.68M	263.66M
Short-Term Debt	12.56M	14.01M	19.88M	21.37M	24.93M
Total Debt	370.24M	375.40M	362.77M	306.53M	300.04M
Total Liabilities	467.68M	478.85M	479.17M	415.73M	414.09M
Equity & Ownership
Retained Earnings	46.73M	41.35M	45.34M	38.93M	43.60M
Total Equity	204.29M	186.63M	188.54M	184.70M	192.87M
Net Debt	352.31M	340.01M	341.97M	292.33M	288.43M
Shares Outstanding	1,367,166,993	1,367,166,993	1,367,166,998	1,128,019,774	1,128,019,774
Cash & Assets
Total Assets	671.97M	665.48M	667.72M	600.43M	606.96M
Total Current Assets	98.86M	88.90M	91.84M	119.99M	119.84M
Cash & Equivalents	9.31M	26.33M	10.95M	14.20M	11.61M
Cash & Short-Term Investments	17.94M	35.38M	20.80M	14.20M	11.61M
Net Cash (Debt)	-352.31M	-340.01M	-341.97M	-292.33M	-288.43M
Net Cash Per Share	-0.26	-0.25	-0.30	-0.26	-0.26
Cash Growth	-49.3%	+70.1%	+46.5%	+22.3%	+18.4%
Accounts Receivable	46.42M	41.39M	44.08M	47.16M	48.02M
Receivables	46.42M	41.39M	44.08M	47.16M	48.02M
Prepaid Expenses	1.38M	1.54M	0.45M	0.67M	0.71M
Construction In Progress	14.54M	14.37M	18.53M	15.96M	14.37M
Land	371.34M	358.67M	361.95M	224.09M	227.65M
Buildings	179.63M	178.77M	175.95M	189.74M	179.86M
Machinery	53.00M	53.80M	52.77M	50.58M	29.14M
Property, Plant & Equipment	524.77M	515.18M	515.80M	391.52M	403.58M
Other Intangible Assets	1.39M	1.49M	1.60M	1.70M	1.80M
Other Current Assets	33.12M	10.58M	26.51M	57.96M	59.50M
Long-Term Leases	3.44M	2.93M	—	—	—
Current Portion of Leases	1.30M	0.85M	—	—	—
Loans & Investments
Short-Term Investments	8.63M	9.06M	9.85M	—	—
Long-Term Investments	46.96M	42.28M	42.54M	62.07M	60.20M
Liabilities & Obligations
Total Liabilities	467.68M	478.85M	479.17M	415.73M	414.09M
Total Liabilities & Equity	671.97M	665.48M	667.72M	600.43M	606.96M
Total Current Liabilities	91.25M	88.68M	172.61M	108.52M	118.50M
Accounts Payable	66.98M	66.86M	77.15M	46.14M	50.71M
Current Unearned Revenue	—	—	—	674.92K	626.44K
Other Current Liabilities	—	—	—	30.86M	30.79M
Long-Term Deferred Tax Liabilities	24.77M	31.71M	31.19M	31.52M	31.93M
Other Long-Term Liabilities	5.69M	4.88M	8.06M	—	—
Debt & Funding
Long-Term Debt	342.53M	350.65M	267.31M	275.68M	263.66M
Short-Term Debt	12.56M	14.01M	19.88M	21.37M	24.93M
Total Debt	370.24M	375.40M	362.77M	306.53M	300.04M
Current Portion of Long-Term Debt	10.41M	6.96M	75.57M	9.47M	11.45M
Equity & Book Value
Shareholders' Equity	204.29M	186.63M	188.54M	184.70M	192.87M
Total Common Equity	196.38M	184.04M	188.19M	169.72M	172.73M
Common Stock	143.05M	143.05M	143.05M	118.80M	118.80M
Additional Paid-In Capital	16.04M	16.04M	16.04M	16.04M	16.04M
Retained Earnings	46.73M	41.35M	45.34M	38.93M	43.60M
Treasury Stock	-15.50M	-15.50M	-15.50M	-14.48M	-14.48M
Comprehensive Income & Other	6.06M	-0.91M	-0.74M	10.43M	8.77M
Minority Interest	7.91M	2.59M	0.36M	14.99M	20.14M
Book Value Per Share	0.14	0.13	0.14	0.15	0.15
Tangible Book Value	194.99M	182.54M	186.59M	168.02M	170.92M
Tangible Book Value Per Share	0.14	0.13	0.14	0.15	0.15
Filing Date Shares Outstanding	1.37B	1.37B	1.37B	1.13B	1.13B
Total Common Shares Outstanding	1.37B	1.37B	1.37B	1.13B	1.13B
Working Capital	7.60M	0.22M	-80.77M	11.46M	1.34M